Dear Clients:
2018 has been a year of tremendous change in the taxation of all types of entities due to the massive new tax
legislation enacted late last year. This Letter is devoted to this new tax legislation.
The changes to the tax law relating to both individual tax provisions and estate tax provisions are temporary
and expire after 2025 unless made permanent by Congress. The tax provisions will revert automatically to the
rules that were in effect for 2017. The changes to the corporate tax provisions however are permanent.
The tax legislation is hundreds of pages, and we will give you the highlights. We work entirely for you, our
clients. We trust you will find our summary of the new law helpful. Please don’t hesitate to call or send us an
e-mail if you have questions.
